[Seoul=Newsis] Journalist Jiwon Shin – MicroStrategy, a U.S.-based enterprise software company known for being the largest holder of Bitcoin, announced on the 25th (local time) that it purchased an additional 55,000 Bitcoins last week.
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), MicroStrategy stated that it acquired Bitcoins between November 18 and 24, spending a total of 5.4 billion dollars, at an average price of 97,862 dollars per Bitcoin.
The company mentioned that it raised the funds through proceeds from issuing convertible bonds and selling shares. Since 2020, MicroStrategy has been purchasing Bitcoin. The company intensified its acquisitions following the sharp rise in Bitcoin after Donald Trump was elected President of the U.S. earlier this month. The week prior to the recent acquisition, MicroStrategy had also purchased 51,780 Bitcoins at an average price of approximately 88,500 dollars each.
As of November 24, MicroStrategy holds approximately 386,700 Bitcoins. The total purchase cost is 21.9 billion dollars, with an average price per Bitcoin of 56,761 dollars.
MicroStrategy’s stock price increased by over 515% since the beginning of the year, but it dropped by more than 15% last week after Citron Research, a short-selling investor, announced it would not bet on the stock.
Bitcoin had soared to 99,400 dollars on the 22nd, nearing the 100,000 dollar mark, but experienced a significant adjustment, falling 3.8% from 24 hours prior, dropping below the 93,000 dollar level as of 5:40 PM Eastern Standard Time.